COLOMBO, Oct. 6 (Xinhua/APP):– Sri Lanka’s central bank decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their current levels of 14.50 percent and 15.50 percent, respectively.
The central bank announced on Thursday that it arrived at this decision after considering the latest macroeconomic conditions, expected developments, and macroeconomic projections.
It said it noted the present tight monetary conditions, the reducing pace of inflation, and both domestic and global factors have helped the country stabilize.
The current fiscal policies are complementing the monetary policy and are helping to mitigate any build-up of aggregate demand pressures, it said.